ICO Investments Fall 95% in 10 Months

Interest in token sales has dropped dramatically over the past 10 months, with investment falling almost 95 percent. Nevertheless, according to a new study, the ICO market is still significantly larger than two years ago. Also read: Localbitcoins to Introduce New User Verification Rules Startups Raised Less Than $300 Million in January Investment in startups … Read more

FSB: Tech Giants Will Shake Up Financial Industry

The Financial Stability Board (FSB), a global finance regulator, warned that the proliferation of eCommerce giants like Facebook, Amazon, Alibaba and Apple in the financial sector is expected to continue and will disrupt the industry, according to a report. Banks are expected to increasingly feel competition from FinTech firms as well, but those relationships will … Read more

Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request

The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12. In the document, the SEC specifies that the withdrawal was “at the request of the Staff of the U.S. Securities … Read more

Current ICO Market Is Bigger Тhan at the Start of 2017, Data Shows

While the initial coin offerings (ICOs) market is currently smaller than it was in 2018, it is still larger than it was at the beginning of 2017, data on crypto analytics website CoinShedule reveals as of Feb. 13. Total Funds Raised per Month Since Feb. 13, 2017-Feb. 13, 2019 — CoinSchedule CoinShedule’s data states that … Read more

US SEC Highlights Dedicated ICO Guide Amid Ongoing Regulatory Debate

The SEC’s brief introduction on ICOs features an overview of issues such as securities registration, financial risk and other obligations. U.S. regulator the Securities and Exchange Commission (SEC) has reiterated guidelines on initial coin offerings (ICOs) in a tweet Feb. 10, as efforts to formalize the sector continue. A dedicated section of the regulator’s website … Read more

New Proposed ETF Would Mix Bitcoin Futures With Sovereign Debt

A new proposed exchange-traded fund (ETF) would invest in bitcoin futures – though only as part of a larger set of more conservative investments. Reality Shares ETF Trust, a branch of Blockforce Capital, which already launched one ETF with blockchain products, filed a Form N1-A with the U.S. Securities and Exchange Commission (SEC) Monday in partnership … Read more

Forbes ‘Fintech 50’ List, Reviewed: New Players, Veterans and Startups Which Didn’t Make the Cut

A look into the crypto part of Forbes’ fresh ’Fintech 50’ list Recently, Forbes published the fresh edition of its “Fintech 50” list, counting the world’s top financial technology firms. Notably, there are just six crypto and blockchain companies featured this year, while the 2018 list contained 11 players from the field. Given that the … Read more

South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability

South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial stability. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a … Read more